Iran's floating oil reserves, used for China sales, completely depleted, analysts say - report

NEWS SUMMARY

Iran's floating oil reserves, which once held nearly 90 million barrels, have been completely depleted, according to Kpler analysts cited by The Wall Street Journal. This exhaustion of oil sales, a primary source of government revenue, may have dire economic consequences for Iran and is seen by some analysts as a successful US strategy to pressure the regime.

Based on full article · updated 18h ago

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At their peak, these reserves consisted of almost 90 million barrels of oil, according to Kpler. By October 5, the reserves dropped to fewer than one million barrels, and have since been exhausted.

Iran's floating oil reserves, used for China sales, completely depleted, analysts say - report

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